Russia: TMK postpones Artrom SPO

TMK postpones the SPO of its Romanian enterprise TMK-Artrom. TMK Europe intended to place 69 million shares of TMK-Artrom or 59.3955%. Moreover, the main shareholder demanded to hold a meeting of shareholders to cancel the previous decision to increase statutory capital. SPO was announced in late April. TMK-Artrom has a 16.1% share on the seamless…

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Azerbaijan: German company conducts audit of equipment at Ganja Aluminum Plant

Specialists of the German company Achenbach Buschhutten, one of the world’s leading manufacturers of aluminum alloys, have conducted an audit of the technical equipment of the company CNPT, launched in 2013 at the Ganja Aluminum Plant, the Azerbaijan Industrial Corporation (AIC) reported. Specialists of the German company conducted the audit at the invitation of the…

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Ukraine: AMKR to spend UAH 125 million on repair and maintenance of recreation facilities

ArcelorMittal Kriviy Rih is completing the preparation of its social facilities for summer season. They are three country tourist camps, two children’s camps and two health complexes on the Black and Azov seaside. The maintenance of all social facilities, including Dzherelo sanatorium-preventorium, will cost the company UAH 103 million. In addition, the metallurgical plant will…

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EAEU: EEC to limit aluminum belt imports

The department of the inner market protection of the Eurasian Economic Committee has started an antidumping investigation of the aluminum belt originating from Azerbaijan and China and imported to the territory of the Union. The information available points to dumping imports of aluminum belt, produced by Azerbaijani and Chinese companies, and damages to the EAEU…

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Russia: Reddragmet to start producing tungsten in Zabaikalye

Reddragmet Engineering is commissioning manufacture of tungsten concentrate of tail dumps of Bom-Gorkhonskaya Processing Factory in Zabaikalye region. The company specialists have already started assembling two processing modules. The trial commissioning is scheduled for May 15. The company plans to extract tungsten concentrate from waste. The total volume of tail dumps of the factory is…

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